"I had a chat with Vienna economics professor Franz Hörmann and economics expert Otmar Pregetter yesterday about their new political movement to reform our money system across the eurozone, and I urge everyone to become involved in this exciting, new movement.

Few people in the eurozone realise that they have to pay interest on every single euro note and coin they use.

They are using private money without knowing it – and using a private service always comes with a price tag.

97% of all the money in the eurozone is created by private banks as an interest bearing loan.

The Eurozone central bank, ECB, supplies the notes and coins – the liquidity – for the day to day transactions of this privatised monetary system.

By supplying notes and coins, the ECB helps to conceal from people the true nature of the money they use. People look at the notes and coins and wrongly assume the money they use is issued by government as a free service made available for economic transations. In reality, the money is private and its use comes with a price tag: everyone has to pay private banks simply for using the privatised, low quality money at all.

A central service of governments — supplying money — has been privatised and it has been done in stealth in the wastern world, in the USA, the UK and the eurozone.

The statutes of the ECB even prohibit the central bank from giving money to governments directly and without charging interest . The ECB is only allowed to give money directly and without charging interest to the eurozone 6,300 private banks.

These private banks use their monopoly on the public money supplied by the ECB to issue loans bearing interest using the fractional reserve banking system. They earn interest on these loans even though they have lent no actual capital.

Almost everyone pays the interest on the eurozone’s private money supply either directly to the banks who issue the loans to them for houses, cars and such like or indirectly in the form of taxes to the government.

Every single time you use a euro or dollar note or coin, you have to pay interest just for using that note or coin. Only the people do not realise this fact and they use their notes and coins as if they were a free service of their government.

Any government which has switched from public money creation to private money creation must have a steady stream of revenue to pay the inevitable bill on the money it puts into circulation on behalf of private banks. And that is why federal taxes were introduced in the USA at the same time as the Federal Reserve was privatised by stealth in 1913.

The fact that our money is created with interest logically, necessarily and unavoidably leads to a collapse of the financial system after a certain period of time. China is the only major economy right now printing money without charging interest – and that is why China’s economy is booming and there is no end in sight to that boom.

The root cause of the debt smothering the eurozone and the USA is the way our money system has been privatised by stealth. The controlled mainstream media conceals who the real winners from privatising our money supply are from the public. The media also conceals the fact that such a privatised money system is necessarily doomed to collapse.

To pay the interest to private banks on the money they have created, yet more money has to be created – but this money also has a price tag in the form of interest. This requires yet more money to be printed by private banks which ups the price tag in an infinite circle. Eventually such astonomical sums of money are needed to pay for the interest on the private money in circulation that it results either in hyperinflation or in brutal austerity cuts.

At some point, the system reaches ist mathematical limits and collapses.

We have already experienced such a collapse before in Europe and the USA in 1930s. Only at that time, the true cause of the collapse of the economic and political systems was concealed from the general public. Wars and conflicts were started by the very same elite who profit from our private money system as a diversion from the real cause of the bust. After the second world war ended, the financial systems were rebooted and the whole boom and bust cycle, which a privatised money supply entails, started again.

In 2011, we are again at the end of another boom and bust cycle and are facing another bust. Debt in the USA, UK and eurozone is reaching astronomical levels. The central banks are responding as privately controlled banks could be expected to do. They are giving all the public money to the banks via bailouts, emergency liquidity assistance, monetary stimulus etc

As the banks take more and more, the rest of the people have less and less. The standard of living of everyone in the USA and eurozone has been declining. Pensions have fallen to just 135% of the social welfare, for example, in Germany – and social welfare has also shrunk, according to new figures.

Wages also have declined in Germany in real terms when it comes to purchasing power since Germany joined the eurozone. Never in modern history have there been so many millions of impoverished Germans on benefits or working poor. Never have people had to pay so many taxes, direct and indirect. Only the elite are exempted from taxes. They have used their lobbying groups to obtain tax exemptions on their gigantic sums of money and on their corporations.

And never has the state been so in debt while spending so little on its people. Where is all the money going? To the banking cartel. Only the stealth privatisation of our money system means people are being hoodwinked.

We are facing an historic task. Never before in peace time has a society had to switch over ist money system in such a short time to avert a castrophe. The total collapse of the eurozone and dollar are inevitable. The elite are planning a new SDR/IMF currency, which promises to be even more disastrous.

The time to change over our money system so that we finally have financial democracy is now.

The euro collapse is coming. There is talk of a two speed euro or of countries leaving the eurozone. No change will benefit the people if the new currencies are also introduced as private money with interest bearing loans.

We have to reform our money system root and branch. We have to switch to public money which is free for everyone to use. Money has to be a public service supplied by the government for free again.

It is up to the ordinary people to carry out this change. It is the vast majority of people – 99% — who will gain the most from creating money as a public entity to be used for jobs, employment and education.

It is up to us to carry out this change fast to avoid total impoverishment as the banking cartel with the help of a corrupt political class allow the financial system to implode.

That is why a new political platform has been launched with one central aim: sound, public money and direct democracy.

Too long the true nature of our financial system has been concealed from the general public. The mainstream media, governments and academia has been complicit in concealing from people who it is who really profits from privatising our money supply.

They have concealed from people how using private money with interest instead of public money put in circulation as a government service for free inevitable results in ever growing mountains of debt, which logically can never be paid off.

They have concealed from the people how the interest payments on this debt inevitably result in the destruction over time of the real economy. A bust is inevitable as virtually the entire produce and good of an economy are used to make the interest payments.

They have preferred violence, lies and deceit to faciliate the looting of their people to doing their duty as politicians elected to represent the people. The latest example is the way the German government is pushing the monstrous EFSF facility to shakedown and impoverish the people. Of course, not even the 711 billion euro facility will be enough to pay the interest on the astronomical eurozone, fractional reserve banking debt. The politicians know this, they know the system will collapse but they hope to continue looting until the end, untill they have wrecked the lives of every single person.

There are rumours the German government is thinking of leaving the euro zone. But only after the economy has been utterly wrecked by the corrupt clique of politicians in Berlin. Not before.

Leaving the eurozone is not enough. The money system has to be reformed. There must never again be this stealth privatisation of public money.

People must be able to use euros and dollars and pounds without paying a stealth price tag. Our money has to become a free service supplied by our governments once more.

Thomas Jefferson issued a dire warning of what would happen if America’s money supply was privatised – and he has been proved to be right. The privatisation of the Federal Reserve is the root cause of the wreckage of the US economy and dollar today.

Today, is the time to organise, print leaflets, inform others, prepare to stand for elected office in your town, city and state on a clearly defined platform of sound money and direct democracy.

We, the people, have to get the legislation through parliaments ourselves – or face total impoverishment, violence and more lies.

We, the people, have to work together across the eurozone, the USA and UK to save our financial system and our democracies.

Our goal is: money for the people, sound money, financial democracy and direct democracy, a future of dignity, freedom and prosperity for all people.

Join us today in our new political campaign. Make the single most important step you will ever make in your life to ensure you have a prosperous and peaceful future and your children do too. Help reform the money system.

Make sure you are soon using euros and dollars which have no stealth price tag attached.

A new pamphlet explaining how our privatised money system is the root cause of the poverty, unemployment and debt in USA, Europe and the UK is due to be published in the next few days by Franz Hörmann and Otmar Pregetter.